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Casino to buy Cnova e-commerce unit for upto $196 million

  Bloomberg French retailer Casino Guichard-Perrachon SA will pay as much as $196 million to buy out its Cnova NV online retail business, just a year and a half after listing about 6 percent of the unit in New York. Casino is offering $5.50 a share, it said in a statement on Thursday. That’s 62 percent higher than Cnova’s closing ...

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Surplus Singapore Air A380s set for paint shop to lure users

  Bloomberg Aircraft-leasing firm Doric is preparing to take back five Airbus Group SE A380 superjumbos from Singapore Airlines Ltd. starting next year, in a move that would be the first test of second-hand demand for the world’s biggest jetliner. While Singapore Air hasn’t officially decided to return the planes, London-based Doric and fellow owner Dr. Peters Fund KG of ...

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Lufthansa reins in expansion as crowded skies threaten profit

  Bloomberg Deutsche Lufthansa AG will rein in expansion plans this year as a glut of plane seats depresses ticket prices and travellers delay bookings amid fears of terror attacks. Capacity growth this year will be below the previously targeted 6 percent, Chief Executive Officer Carsten Spohr said in an interview in Berlin. That marks the second reduction in projected ...

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